Dave in Denver writes:
"'Someone is going find out sooner or later that what they thought they were going to get, they're not going to get' - Eric Sprott in reference to the massive and accelerating deficit in U.S. Government entitlement promises.
"It's interesting to note that the above quote from Eric Sprott can also be applied to everyone invested in the various forms of paper gold/silver and who tragically believe that the custodian of the trusts and exchanges (Comex, LBMA) actually have the gold/silver in the amounts represented by the paper securities outstanding.
"In fact, to tie that into my subject title, one could say that Americans are not getting the economy that the Government, and the Wall Street charlatans who own the Government, is representing through fraudulent, Orwellian data reporting. But let's take a look under the hood...
"I want to start off with a study reported yesterday that showed the net worth of American households hit a 43-year low: "The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969" LINK You can read through the details and needless to say - so I'll say it anyway - I'm sure that news report failed to make most mainstream media outlets.
"I'm sorry, but there's just no way in hell that the housing market can possibly recover with that fact about household net worth being the case. ..."